NavPoint Financial Inc. bought a new stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,600 shares of the company’s stock, valued at approximately $221,000.
A number of other large investors have also recently made changes to their positions in GBTC. First Horizon Advisors Inc. boosted its stake in shares of Grayscale Bitcoin Trust ETF by 90.9% during the first quarter. First Horizon Advisors Inc. now owns 420 shares of the company’s stock valued at $27,000 after purchasing an additional 200 shares during the period. Hurley Capital LLC purchased a new stake in shares of Grayscale Bitcoin Trust ETF during the first quarter valued at $34,000. Flaharty Asset Management LLC purchased a new stake in shares of Grayscale Bitcoin Trust ETF during the first quarter valued at $39,000. Cornerstone Planning Group LLC boosted its stake in shares of Grayscale Bitcoin Trust ETF by 600.0% during the first quarter. Cornerstone Planning Group LLC now owns 875 shares of the company’s stock valued at $57,000 after purchasing an additional 750 shares during the period. Finally, Headlands Technologies LLC boosted its stake in shares of Grayscale Bitcoin Trust ETF by 227.0% during the first quarter. Headlands Technologies LLC now owns 1,128 shares of the company’s stock valued at $74,000 after purchasing an additional 783 shares during the period.
Grayscale Bitcoin Trust ETF Trading Down 1.9%
Shares of GBTC opened at $94.90 on Friday. The firm has a market capitalization of $22.85 billion, a P/E ratio of 2.23 and a beta of 2.47. Grayscale Bitcoin Trust ETF has a 12-month low of $46.83 and a 12-month high of $99.12. The firm has a fifty day moving average price of $90.35 and a 200-day moving average price of $83.58.
Grayscale Bitcoin Trust ETF Profile
The Grayscale Bitcoin Trust (GBTC) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of bitcoin (BTC). An investment in the fund is not a direct investment in bitcoin. GBTC was launched on Jan 11, 2024 and is issued by Grayscale.
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